T
Seller's Agent in 2016
Timothy Kennedy
Legacy Properties Sotheby's International Realty
38 Reef Rd Cape Elizabeth, ME 04107
Estimated Value: $1,577,000 - $5,538,000
2
Beds
2.5
Baths
3,594
Sq Ft
$1,008/Sq Ft
Est. Value
Highlights
- 75 Feet of Waterfront
- Public Beach
- Deep Water Access
- Pond Cove Elementary School Rated A
- Country Club
- 1.8 Acre Lot
About This Home
As of October 2016This home is located at 38 Reef Rd, Cape Elizabeth, ME 04107 since 08 September 2016 and is currently estimated at $3,623,212, approximately $1,008 per square foot. This property was built in 1950. 38 Reef Rd is a home located in Cumberland County with nearby schools including Pond Cove Elementary School, Cape Elizabeth Middle School, and Cape Elizabeth High School.
Last Agent to Sell the Property
Timothy Kennedy
Legacy Properties Sotheby's International Realty Listed on: 09/08/2016
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $26,766
Year Built
- Built in 1950
Lot Details
- 1.8 Acre Lot
- 75 Feet of Waterfront
- Ocean Front
- Public Beach
- Landscaped
- Level Lot
- Property is zoned RA/Shoreland
Home Design
- Ranch Style House
- Wood Frame Construction
- Shingle Roof
- Shingle Siding
Interior Spaces
- 2 Fireplaces
- Family Room
- Living Room
- Dining Room
- Home Office
- Bonus Room
- Water Views
Kitchen
- Built-In Oven
- Cooktop
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- En-Suite Primary Bedroom
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- Attached Garage
- Driveway
Utilities
- No Cooling
- Heating System Uses Oil
- Baseboard Heating
- Private Sewer
Additional Features
- Deep Water Access
- Property is near a golf course
Listing and Financial Details
- Tax Lot 13
Community Details
Overview
- No Home Owners Association
- The community has rules related to deed restrictions
Recreation
- Country Club
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 27, 2021
Sold by
Rinaldi Carmen J and Rinaldi Maria C
Bought by
Rinaldi Maria C
Current Estimated Value
Purchase Details
Listed on
Sep 8, 2016
Closed on
Oct 25, 2016
Sold by
Serrage John C and Serrage Elizabeth G
Bought by
Rinaldi Carmen J and Rinaldi Maria C
Seller's Agent
Timothy Kennedy
Legacy Properties Sotheby's International Realty
Buyer's Agent
Susanne Lamb
Town & Shore Real Estate
List Price
$1,495,000
Sold Price
$1,425,000
Premium/Discount to List
-$70,000
-4.68%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.95%
Original Mortgage
$840,000
Interest Rate
3.44%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rinaldi Maria C | -- | None Available | |
| Rinaldi Carmen J | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Rinaldi Carmen J | $894,600 | |
| Previous Owner | Rinaldi Carmen J | $840,000 | |
| Previous Owner | Serrage Elizabeth G | $275,000 | |
| Previous Owner | Serrage Elizabeth G | $100,000 | |
| Previous Owner | Serrage Elizabeth G | $31,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/25/2016 10/25/16 | Sold | $1,425,000 | -4.7% | $396 / Sq Ft |
| 09/08/2016 09/08/16 | Pending | -- | -- | -- |
| 09/08/2016 09/08/16 | For Sale | $1,495,000 | -- | $416 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $49,750 | $4,522,700 | $2,388,200 | $2,134,500 |
| 2023 | $101,019 | $4,521,900 | $2,388,200 | $2,133,700 |
| 2022 | $40,631 | $1,921,100 | $1,212,900 | $708,200 |
| 2021 | $38,921 | $1,921,100 | $1,212,900 | $708,200 |
| 2020 | $38,256 | $1,920,500 | $1,212,900 | $707,600 |
| 2019 | $37,795 | $1,920,500 | $1,212,900 | $707,600 |
| 2018 | $36,528 | $1,920,500 | $1,212,900 | $707,600 |
| 2017 | $21,832 | $1,212,900 | $1,212,900 | $0 |
| 2016 | $27,029 | $1,541,000 | $1,212,900 | $328,100 |
| 2015 | $26,012 | $1,541,000 | $1,212,900 | $328,100 |
| 2013 | $25,087 | $1,541,000 | $1,212,900 | $328,100 |
Source: Public Records
Agents Affiliated with this Home
-
-
S
Buyer's Agent in 2016
Susanne Lamb
Town & Shore Real Estate
(207) 233-1115
40 in this area
72 Total Sales
Map
Source: Maine Listings
MLS Number: 1281656
APN: CAPE-013013U
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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